Global Air Compressor Market – Industry Analysis and Forecast (2019-2026)
Posted by rahul on January 11th, 2021
Global Air Compressor Market was valued at US$ 30.97 Bn in 2019 and is expected to reach US$ 42.1 Bn by 2026, at a CAGR of 3.91% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding air compressor market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in air compressor market.
The portable type air compressor is expected to hold the largest share in the market during the forecast period. Rising usage of portable machinery in various end-use industries is expected to drive the air compressor market growth across the globe. Stationary type air compressors are also projected to generate the highest CAGR during the forecast period owing to growing usage of stationary types of machinery in the automotive sector. Reciprocating technology is estimated to surge the market growth in the near feature as it has a simple construction. It has features such as low maintenance cost and high efficiency is also expected to boost market growth across the globe. The oil-free compressor is estimated to drive the market growth in the forecast period owing to rising need to improve standards in the food & beverage industry regarding infection and hazards. Rising application in food & beverage industry for food packaging and processing activities is also expected to propel the market growth.
Air compressor is a device, which is used for convert’s power into kinetic energy. Growing processing industries such as power generation, chemicals, petroleum, and automation are projected to boost the global air compressor market growth during the forecast period. Air compressor is beneficial for these industries to improve efficiency, portability, and safety is expected to drive the air compressor market growth across the globe. Growing innovation in a product such as cutting-edge technologies is surging the global air compressor market growth. The rising popularity of air compressor among the end use industry owing to air compressor play an important role to provide accurate process control, top reliability, and excellent efficiency this factor is propelling the air compressor market growth across globally. Industrialization is increasing in developing countries is a major factor which is influencing the market growth in a positive way across the globe. In addition, air compressor market across the globe is driven by end use industry owing to increasing adoption of robust and energy efficient equipment. Rising demand for the reciprocating air compressor is surging the market growth. However, a high cost of installation & maintenance and lack of knowledge will act as restraints to the air compressor market. The report provides an in-detail list of drivers and restraints, which are influencing the air compressor market growth. Additionally, provides expected opportunities and emerging trends.
The Asia Pacific is estimated to hold the largest share in the market during the forecast period. Production activities are rising in developing countries of this region such as India and China is expected to drive the air compressor market growth in a positive way. Industrialization is increasing rapidly in these countries is also projected to lead the air compressor market growth during the forecast period. China is anticipated to boost the market growth in the forecast period due to the automotive sector is growing and manufacturers are investing in R&D. Moreover, increasing economies and growing development of infrastructure are other driving factors of the air compressor market in the Asia Pacific region. Also, North America has a huge investment in the automotive sector is driving the air compressor market growth. Growing technological advancements is estimated to fuel the market growth in this region.
Global Air Compressor Market, By Technology:
• 0-100 kW
• North America
• Elgi Equipments Limited
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Like it? Share it!
About the Authorrahul
Joined: November 26th, 2020
Articles Posted: 107
More by this author